MVF Board approves next steps for Patsy Huson Ballfield improvements

At its April 23 meeting, the Montgomery Village Foundation (MVF) Board of Directors approved proceeding with a plan to gain community input on four concepts, recommended by the Recreation Committee, to enhance Patsy Huson Ballfield located at 20300 Fulks Farm Road in East Village.

Duncan Mullis, Director of Recreation and Parks, noted that MVF can move forward with planned enhancements thanks to a $500,000 non-matching state grant secured in April 2025. The funding, made possible in large part through the efforts of Senator Nancy King and the District 39 team, will support improvements to the park playground as well as a new feature at the ballfield.

The four concepts include a playground in combination with one of four additions: a ninja warrior course, an outdoor fitness area, a running track, or beach volleyball and games. The plan preserves the softball field, fences it, and utilizes a portion of the underutilized field.

The site is located adjacent to Lake Marion Community Center, and Mullis noted the plan also remedies the fact that Lake Marion Community Center is the only community center that does not have direct access to a playground, which impacts the summer camps
held there.

Mullis indicated community engagement to gather input on the four concepts will be forthcoming and will include conducting a community survey and a public forum with findings to be presented to the Recreation Committee and the Board.

OTHER AGENDA ITEMS

The Board approved several other action items during the meeting:

• Interim EVP Appointment: Reaffirmed an electronic vote taken on April 7, 2026 appointing Karen Kodjanian as Interim Executive Vice President of Montgomery Village Foundation, Inc.

• Pool Schedule During Stedwick Renovation: Approved an additional Pool Schedule located here: https://tinyurl.com/addlpoolschedule while Stedwick Pool and Bathhouse remain under construction.

• Reforestation Plan: Authorized proceeding with the reforestation plan in partnership with the Montgomery County Department of Environmental Protection.

• Language-only Changes to MVF Policy: Approved the MVF Policy for Review of a Resident’s Appeal of Suspension of a Pool Pass to change language only to reflect “Pool Pass” instead of “Activity Card” in line with new digital pool pass system.

• Criteria Modifications: Approved modifications to the Stedwick Community Criteria.

• Criteria Modifications: Approved modifications to the Patton Ridge Community Criteria.

• MVF Committees: Reaffirmed members for MVF committees.

• MVF Committee Chairs: Reaffirmed chairs for MVF committees.

INFORMATION ITEMS

MVF President Susan Prince shared the 2027 Budget Schedule for the Board’s review and noted there will be opportunities for the Board and residents to offer comments.

Mullis updated about progress with the major renovation of the Stedwick Pool and Bathhouse, noting that mid-August is still the targeted completion date, but adding there is still a chance that completion may be slightly sooner. He noted that staff has created an additional pool schedule to increase pool time at some of the MVF pools while construction continues. He added that modifications for the Seniors in Action program have also been made as construction continues to include renting a dance studio in Montgomery Village for 3 days a week of in-person programming and supplemented with virtual exercise classes.

PRESIDENT'S REMARKS

Prince thanked the residents who participated during Residents’ Time to express their concerns and feelings about the Spotless Brands car wash proposal.

She also reported about MVF staff changes. Mike Conroy and Daniel Salazar are no longer with MVF. Assistant Executive Vice President (EVP) Karen Kodjanian, who has been with MVF for 14 years, has been appointed to be Interim EVP. In other staff changes, Senior Accountant Mirna Rivas is taking on CFO responsibilities until a permanent CFO is hired, and Assistant Director of Community Management April Steward is taking on additional responsibilities in the Community Management Department.

INTERIM EVP REPORT

Interim EVP Karen Kodjanian reported that Lee May, Senior Project Manager for Spotless Brands, has received written comments from several residents in addition to the comments he received at the March 23 public meeting. He indicated the company is redesigning the original drawing to incorporate modifications based on resident comments received. Once MVF and the Board receive the redesigned concept, a plan will be made regarding next steps for sharing the redesigned concept with the community for public comment. In the meantime, residents are strongly encouraged to provide their written comments to May at This email address is being protected from spambots. You need JavaScript enabled to view it..

Kodjanian added that she is awaiting a response from all Board members on a final date for the June retreat, noting that the choices are either June 6 or June 13. With the goal being full Board attendance, Kodjanian will follow up via email so the date can be confirmed for planning purposes.

TREASURER’S REPORT

MVF Treasurer Dr. Jayaraman Vijayakumar presented the Treasurer’s Report for the year-to-date (YTD) and month ending March 31, 2026, reporting that overall, all MVF funds were favorable to the budget. Net Income was reported favorable by about $122,000, predominantly due to Revenues from Camps and Classes ($90,000), Capital Contributions Fees ($56,000) and Pool Memberships/Rentals ($15,000), while Investment Income was below budget by $165,000, and lower personnel and operating costs, which were under budget by $24,000 and $47,000, respectively.

Vijayakumar noted Total Revenues were $2,733,824, which is 1.85% higher than the budget and 1.0% higher than actual Revenues for 2025. Total Operating Expenses were $2,389,420, which is 2.93% lower than the budget and 5.2% higher than in the same period last year. He said Capital Contribution Fees received through March were $116,607 versus $60,775 budgeted for 2026.

In terms of investment activity, Vijayakumar reported that the investment portfolio Q1 statement had not been received as of March 31, 2026, resulting in the unavailability of full YTD portfolio performance and benchmark comparisons. He noted net investment activity during the quarter reflected mixed market conditions, with January showing a net investment change of $227,000, February of $133,000, and March declining by $464,000. He added that investors faced a range of challenges during Q1, including the Middle East conflict, which contributed to rising energy prices and renewed inflation concerns, alongside shifting expectations for interest rates. These factors contributed to market uncertainty and volatility during the quarter.

He said the Balance Sheet continues to reflect MVF’s strong financial position with $14.5 million of its $35 million assets held in Cash and Investments. MVF holds over 3.6 times more current assets than total liabilities on its Balance Sheet. The MVF Operating Fund maintains about $3.2 million in Undesignated Reserves. The Assessment Receivables balance has seen an overall decrease from last year of $16,800 or 5.5%, and the Delinquency Rate is 9.1% (773 units), which is a 0.3% decrease from the rate of 9.4% (796 units) in March 2025. MVF’s current Delinquency Rate is 0.8 % above the 10-year March average of 8.3% but remains generally in line with historical trends for this time of year.

NEXT MEETING

The next MVF Board of Directors meeting is scheduled for 7:30 p.m. on Thursday, May 28 via Zoom. Residents are invited to attend; full meeting details, the meeting packet and/or participation instructions will be posted online at www.montgomeryvillage.com the week before the meeting.